Life keeps getting more expensive in Austria, figures presented today (Weds) show.Inflation rose by three per cent in February compared to the same month in 2010. This is the highest increase since October 2008 when the global economic downturn broke out. The price level soared by 3.1 per cent that month compared to October 2007.Last […]
Österreichische Post AG (Post AG) has managed to increase its profit despite fewer letters being set in Austria.The state-owned postal services provider said today (Tues) its profit soared by 48.5 per cent to 118.4 million Euros from 2009 to 2010. Turnover however edged down by 0.2 per cent to 2.357 billion Euros.The company, which is […]
Cellulose fibre manufacturer Lenzing AG is experiencing problems in meeting demand for its products.The company, which is based in the Upper Austrian town of Lenzing and quoted on the Vienna Stock Exchange (WBAG), said today (Tues) it was “sold out for eight months”.”We are currently unable to provide our customers with enough fibre,” Lenzing […]
Graz-based shoe company Leder & Schuh International AG (Leder & Schuh) has managed a 10 per cent turnover increase.The firm which runs Humanic, Jello and other chains said yesterday (Thurs) it achieved a turnover of 542.8 million Euros last year, up from 496.3 million Euros in 2009.Leder & Schuh has a market share […]
The Austrian economy is reasserting itself, new figures show.Statistik Austria announced today (Fri) the value of exports carried out by Austrian companies increased by 16.5 per cent to 109.2 billion Euros last year compared to 2009. The state agency however pointed out that 2009 figures had shown a 19 per cent decline compared to 2008.Firms […]
OMV chief Wolfgang Ruttenstorfer has made clear a retreat from Libya is not on the firms agenda.The Austrian company is one of a few firms which are still getting oil from the North African country where the troops of political leader Muammar al-Gaddafi are combating opposition groups calling for democracy.Ruttenstorfer said yesterday (Weds) OMV would […]
Austrian Airlines (AUA) has identified the upheaval in North Africa as the main reason for its recent decline in passenger numbers.AUA said today (Thurs) it registered a total of 649,000 customers last month, down by 1.6 per cent compared to February 2010. The airline said especially the number of tickets sold for flights to destinations […]
More exports and higher activity of the countrys production sector have led to a 0.8 per cent increase of the Austrian gross domestic product (GDP) in the final quarter of last year, a think tank has announced.The Institute for Economic Research (WIFO) said today (Thurs) the GDP was 0.8 per cent higher between October and […]
Oil industry equipment maker Schoeller-Bleckmann Oilfield Equipment AG (SBO) said its earnings improved by almost 75 per cent last year.SBO announced it achieved earnings before interest and taxes (Ebit) of 49.4 million Euros in 2010, up by 74.8 per cent in a year. The Ternitz-based firms turnover rose by 22.3 per cent to 307.7 million […]
Porr AG chairman Karl-Heinz Strauss has said the construction firm may stop operating in Hungary.The Hungarian government has criticised the quality of a motorway recently built by the Viennese company. Strauss pointed out today (Tues) that the problems were “of political nature”.The businessman said: “We may have to withdraw from Hungary. I think (the situation […]